Folwell: No bully pulpit on business

ryanteaguebeckwith — Tue, 11 Dec 2007 13:18:58 -0500

Should the state treasurer's office be a bully pulpit on corporate governance?

Richard Moore has used the state's $73 billion retirement fund as a tool to call for reform on Wall Street, attacking Countrywide Financial most recently.

State Rep. Dale Folwell says he would not do the same.

The Winston-Salem Republican, who is running for treasurer, told Dome that the office has limited financial and personnel resources.

If elected, he said he would focus on the state's own business, specifically the cost of insuring retired state workers and reducing high premiums for current employees.

"We have absolutely no recognition of our unfunded health care liability," he said. "Where is the bully pulpit on that?"

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Folwell: No bully pulpit on business